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Rule 114E of Income-Tax Rules, 1962, for furnishing Statement of Financial Transactions (SFT) came into force with effect from April 1, 2016.

Direct tax collection jumps 19 per cent in Apr-June to Rs 1.90 lakh...

The collection, net of refunds, was 19.5 per cent of the total Budget Estimate of direct taxes for 2017-18.

9 Aug 2017 8:28 PM IST

Congress leader Kapil Sibal showing photocopies of the two kinds of Rs 500 notes in the Rajya Sabha in New Delhi. (Photo: PTI)

Rajya Sabha din on 2 types' of Rs 500, Rs 2,000 notes

The Congress claimed never before has the credibility of the currency in circulation been challenged like this as today...

9 Aug 2017 2:16 AM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Gujarat tops list of states where fake currency notes were recovered

NCRB data reveal fake currency bills worth Rs 2.55 crore were seized from Nov 9, 2016-July 14, 2017.

8 Aug 2017 6:35 PM IST

Kapil Sibal said different sizes of these notes were being printed one for the ruling party (members) and one for the others. (Photo: RSTV screengrab)

Biggest scam of century: Cong questions 2 sizes of Rs 500, 2000 notes

Deputy Chairman P J Kurien said even if there are two types of notes, it cannot be a point of order.

8 Aug 2017 2:11 PM IST

A Bank Employee counting the bundles of the received currency of old 1000 & 500 notes at a cash counter. (Photo: PTI)

Panel report on old notes caught in delays

Govt's inability to provide data hits August11 deadline.

8 Aug 2017 6:35 AM IST

Income-tax sources said more than Rs 5.5 crore unaccounted cash was seized during the raids, besides property documents and jewellery worth over Rs 89 crore.

Demonetisation effect: ITR filings for 2016-17 grow by 25 per cent

The effect of demonetisation is also clearly visible in the growth in direct tax collections, the tax department said.

7 Aug 2017 6:48 PM IST

Mamata miffed with Nitish? RJD in, but Bihar CM stays away from note ban fight

Mamata miffed with Nitish? RJD in, but Bihar CM stays away from note...

While RDJ chief Lalu has extended support to Mamata, Nitish Kumar has refused to join her protest.

30 Nov 2016 4:38 PM IST

Economist Amartya Sen flays demonetisation

Nobel Laureate says the move is despotic action, undermines trust and economy.

30 Nov 2016 3:56 PM IST

Demonetisation despotic action, undermines trust: Amartya Sen

Demonetisation despotic action, undermines trust: Amartya Sen

He further said his immediate point of view on demonetisation is on its economic aspect.

30 Nov 2016 3:51 PM IST

Union Transport Minister Venkaiah Naidu (Photo: file)

Unfortunate': Govt lashes out at Oppn walkout of LS

Finance Minister Arun Jaitley re-asserted that the govt was willing to have a discussion on both the issues.

30 Nov 2016 11:32 AM IST

Image for representational purpose only

British Indians sending old notes home on flights with friends

Britain's longest-serving Indian-origin lawmaker Keith Vaz has called on Modi to extend the deadline for foreign...

30 Nov 2016 9:54 AM IST

West Bengal Chief Minister Mamata Banerjee (Photo: PTI)

Clear potato stock before December 8: West Bengal government

Minister asks cold storages to curb prices after note ban.

30 Nov 2016 4:05 AM IST